Trading analysis

USD/CHF (a 4 hour chart)

General overview

At the end of the week the pair reached 2012 maximums. So the correction movement started from this point. The pair has fallen for more than 200 points for two days and stopped at the bottom line of Bollinger Bands. The cause of fall was the eurozone summit that was last week. If the summit does not show good news we expect a return to the upward direction soon.

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